BlackRock has held the final close of Global Energy & Power Infrastructure Fund III (GEPIF III) at USD5.1 billion, making it the largest alternative investment fundraise in BlackRock history.
Launches & Fundraising
Arbour Lane Capital Management, a private registered investment adviser focused primarily on opportunistic credit and special situation investments, has held the final closing of Arbour Lane Credit Opportunity Fund II at its hard cap of USD1.2 billion in capital commitments, exceeding its initial target of USD750 million.
Corigin Ventures, a founder-focused early-stage venture capital firm, has held the final closing of its second fund with total equity commitments of USD36.05 million.
Clearlake Capital Group, an investment firm focusing on the technology, industrials, and consumer sectors, has completed fundraising for its sixth private equity fund, Clearlake Capital Partners VI (Fund VI), with more than USD7 billion in commitments.
Global alternative asset manager GCM Grosvenor has completed the final close of its Co-Investment Opportunities Fund II with nearly USD540 million in committed capital.
StepStone Group (StepStone) has held the final closing of its secondary private equity fund, StepStone Secondary Opportunities Fund IV (SSOF IV), raising USD2.1 billion of commitments.
Milltrust International Group has launched The Climate Impact Asia Fund in collaboration with Environmental Investment Services Asia Limited and WWF Hong Kong.
Qiming Venture Partners has closed Qiming Venture Partners Fund VII, a new USD1.1 billion fund focused on early stage Healthcare and TMT investments.
Crescent Capital Group, an alternative credit investment firm, has held the final closing of its second European specialty lending fund, Crescent European Specialty Lending Fund II (CESL II), with total limited partner equity commitments of approximately EUR1.6 billion.